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Metalor becomes an Ordinary Member of the London Bullion Market Association

Metalor becomes an Ordinary Member of the London Bullion Market Association

Neuchâtel (Switzerland), 19/11/2012.

Metalor Technologies, the leading worldwide precious metals refiner based in Neuchâtel (Switzerland), is proud to announce that it has been named an Ordinary Member of the prestigious London Bullion Market Association (LBMA), with effect from 14th November 2012. The LBMA is the international trade association that represents the market for gold and silver bullion, which is centred in London but has a global client base. Members are mostly international banks, bullion dealers and refiners.

“We are really honored that Metalor becomes an LBMA Ordinary Member among only 5 precious metals refiners in the world”, says Scott Morrison, CEO of the Metalor Group. “As a LBMA Good Delivery Company (*) since 2003, Metalor has been an active Associate Member of the Association for many years. We are pleased about this promotion, which demonstrates Metalor’s commitment to the global precious metals market and which is the result of a long-term and successful cooperation with the LBMA”.

The LBMA's current membership stands at over 130 companies in 20 countries, which have been admitted at different levels of participation as either Associates, Market-Making Members or Ordinary Members. All companies within the membership must have activities that are closely related to the London market in gold or silver bullion. These activities include trading, broking, shipping and storage, mining and refining, inspection and assaying and research.

As an Ordinary Member, which represents the highest level of membership, Metalor will now be able to vote on various issues deliberated upon at the Association’s Annual General Meetings, nominate candidates for LBMA Committees and sponsor applications from other companies applying to become Members or Associates.

(*) About the London Good Delivery list

The London Good Delivery List of Acceptable Refiners of gold and silver is maintained by the LBMA, by whom it is copyrighted. It lists those refineries whose gold and silver bars have been found, when originally tested, to meet the required standard for acceptability in the London bullion market. The List includes Metalor among 63 gold and 73 silver Good Delivery refiners.

About Metalor

Metalor is a leading participant in the field of precious metals and advanced materials. The focus of Metalor’s business is precious metals. Metalor’s core competencies are chemistry, metallurgy and management of precious metals. The main objective of Metalor consists of creating exceptional value for its customers, stakeholders and shareholders in a culture of performance, innovation, trust and respect. Metalor has customers on all continents in various industry sectors, from Swiss watch manufacturers to Brazilian electrical equipment suppliers. With subsidiaries all over the world and more than 1700 employees, the Metalor Group is present in Europe, in the United-States, in South-America as well as in Asia. In 2011, Metalor’s net sales amounted CHF 389,9 million. Metalor also benefits of the recent joint recognition of RJC, LBMA, EICC® and GeSI. For more information about Metalor, please visit: www.metalor.com.